Consolidated Lithium Metals (CVE:CLM) Stock Price Down 33.3% – Here’s Why

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) traded down 33.3% during mid-day trading on Friday . The company traded as low as C$0.01 and last traded at C$0.01. 452,700 shares changed hands during trading, a decline of 10% from the average session volume of 503,339 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Stock Down 33.3 %

The firm’s 50-day simple moving average is C$0.01 and its 200-day simple moving average is C$0.02. The company has a debt-to-equity ratio of 15.38, a quick ratio of 0.06 and a current ratio of 2.04. The company has a market capitalization of C$3.56 million, a price-to-earnings ratio of -1.00 and a beta of 0.10.

About Consolidated Lithium Metals

Consolidated Lithium Metals Inc engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for lithium, molybdenum, tantalum, and diamond deposits. The company holds interests in the Vallée lithium project located in the La Corne and Fiedmont townships; the Preissac La Corne Lithium portfolio located in the La Motte, La Corne, Figuery, and Landrienne townships; and the Baillargé Lithium-Molybdenite project located in Quebec.